Tesla lost three months more than 400 million dollars

Tesla lost three months more than 400 million dollars

July 26, 2019 0 By autotimesnews

Tesla Motors in the second quarter of this year suffered a major loss – the loss of the American manufacturer of electric vehicles amounted to 408 million dollars. This is reported in the company report. The document states that the company was able to reduce losses – in the first quarter of 2019 they amounted to 702 million dollars.

In just three months, Tesla Motors was able to sell 95,000 of its electric cars, revenues amounted to 5.2 billion dollars. During the reporting period, the American company produced more than 87 thousand cars. Earlier, its founder Elon Mask promised that Tesla will return to profit in the third quarter of 2019.

In March, Tesla introduced its new compact electric crossover called Model Y. Car prices start from 39,000 dollars. The crossover borrowed the existing chassis from the Tesla Model 3. The Model Y received two electric motors and will be offered with battery packs of various capacities.

In the near future Tesla plans to present an electric pickup. The car will receive a futuristic design in the style of cyberpunk. Already, as standard, the car will have two electric engines with “crazy torque” and four-wheel drive. The car will be able to drive about 650–800 kilometers without recharging the batteries.

Tesla, a company focused on the production of electric vehicles, was founded in 2003. Since 2008 sells Tesla Roadster. In 2012, the company introduced the Model S sedan. The headquarters of the manufacturer is in Palo Alto, California.